Apple tries to recoup some losses - Analysis - 16-06-2022
Apple's stock (AAPL) rose in the intraday levels after announcing the US football season will be exclusively available on Apple TV starting 2023 in a 10-day deal valued at $250 million, with the stock marking a profit of 2.01%, or 2.67 points, settling at 135.43, with trading volumes surpassing 91.5 billion shares, above 10-day averages of 81.3 million shares.
The stock is trying to recoup some losses while venting off oversold saturation from the RSI, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 132.60, provided the resistance of 157.26 holds on.
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Expected trend for today: Bearish
Midday update for the NZDUSD 16-06-2022
The NZDUSD pair rebounds bearishly to test the first key support 0.6260 and attempts to break it, to hint the attempt to return to the main bearish track again, noting that the continuation of the decline and breaking 0.6210 will press on the price to achieve more decline and head towards 0.6100 areas, while consolidating above it will push the price to rise and visit 0.6405 on the near term basis.
The expected trading range for today is between 0.6200 support and 0.6320 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 16-06-2022
The AUDUSD pair faces negative pressure to attack 0.6995 level, which urges caution from the upcoming trading, as confirming breaking this level will stop the morning suggested positive scenario and press on the price to turn to decline again, to head towards achieving negative targets that start at 0.6930 and extend to 0.6830.
The expected trading range for today is between 0.6940 support and 0.7040 resistance
The expected trend for today: Neutral
Midday update for Brent oil 16-06-2022
Brent oil price fluctuates with slight negativity since morning, waiting to activate the negative effect of the double top pattern to rally towards our negative targets that start at 115.10 and extend to 110.10 as next main stations, reminding you that the continuation of the bearish wave depends on the price stability below 119.25 and 121.30 levels.
The expected trading range for today is between 114.50 support and 119.50 resistance.
The expected trend for today: Bearish